Amazon has written to Sebi, requesting the regulator to investigate Future Retail Ltd (FRL) for alleged “material suppression” and “false disclosures” by the Indian retailer, “defrauding its shareholders and the Indian investors at large”. Amazon has also approached court, accusing FRL of alienating its retail assets in favour of Reliance Industries
Aircraft Accident Investigation Bureau probe SpiceJet’s Mumbai-Durgapur flight mishap. The occurrence is being categorised an ‘accident’ in accordance with the International Civil Aviation Organization norms. The Directorate General of Civil Aviation has carried out a preliminary probe and initiated an inspection of SpiceJet’s entire fleet
Subsidiary Biocon Biologics on Tuesday said Ireland’s health regulator has reported some deficiencies in the manufacturing process at the company’s plant in Bengaluru. The good manufacturing practice inspection of one of Biocon Biologics’ new monoclonal antibody drug substance manufacturing facilities was conducted between 28 March and 1 April.
Adani Wilmar: Has acquired Kohinoor brand from McCormick Switzerland GMBH for an undisclosed amount. The acquisition would give Adani Wilmar exclusive rights over the brand ‘Kohinoor’ basmati rice along with ‘Ready to Cook’, ‘Ready to Eat’ curries and meals portfolio in India.
Subscription for the Initial Public Offering (IPO) of insurance behemoth Life Insurance Corporation (LIC) of India has opened today and it will remain open for bidding till 9th May 2022.
Moving on to markets
the SGX Nifty futures were quoting at 17,083 levels, unchanged from their previous close, and hinting at a muted start for the Nifty benchmark.
All eyes will be on the LIC IPO, that opens for subscription today. The Rs 21,000-crore public offer will be the biggest issue ever on the Dalal Street. While investors are busy scanning financials of LIC, grey market is also giving positive signals in regard to the public issue. According to market observers, LIC IPO GMP (grey market premium) today is 85, which is around 8 per cent higher from the LIC IPO price band of ₹902 to ₹949 per equity share.
That apart, the crucial US Fed interest rate decision to be announced later tonight will also be closely monitored, where a 50-bps rate hike is widely expected. Business Term of the day
The grey market premium aka IPO GMP is information that is calculated based on the demand of a company that is coming up with an IPO. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. IPO Investors always look at the premium of an IPO before investing in it but it might vary as per the market conditions, demand, and subscription numbers.
In this episode, find out about Gail’s $3.125 bn fund raising plan via ECBs, also find out why RBL bank has offloaded 12% stake in Kilburn Engineering. Business Term of the Day: ... Read more
In this episode, find out about Gail’s $3.125 bn fund raising plan via ECBs, also find out why RBL bank has offloaded 12% stake in Kilburn Engineering. Business Term of the Day: Merchant Discount Rate Read more
In this episode, find out about Mahanagar Gas cutting prices of PNG &, CNG, also find out about NTPC’s plan to raise Rs 5000 crore loan for refinance Business Term of the Day: ... Read more
In this episode, find out about Mahanagar Gas cutting prices of PNG &, CNG, also find out about NTPC’s plan to raise Rs 5000 crore loan for refinance Business Term of the Day: Solvency Ratio Read more
In this episode, find out why Suzlon believes that its financial difficulties are behind it, and also find out about BPCL’s Rs 1.4 lakh crore investment plan for the next 5 years B ... Read more
In this episode, find out why Suzlon believes that its financial difficulties are behind it, and also find out about BPCL’s Rs 1.4 lakh crore investment plan for the next 5 years Business Term of the Day: Competition Commission of India (CCI) Read more
In this episode, find out about Bharti Airtel’s new web platform Wynk Studio, also find out about Balaji Speciality Chemical’s plan to launch an IPO. Business Term of the Day: Fir ... Read more
In this episode, find out about Bharti Airtel’s new web platform Wynk Studio, also find out about Balaji Speciality Chemical’s plan to launch an IPO. Business Term of the Day: First Loan Default Guarantee (FLDG) Read more
In this episode, find out about the IPO of Syrma SGS to hit the market on 12 August, and also find out about the JSW Energy arm’s acquisition of renewable energy assets from Mytrah ... Read more
In this episode, find out about the IPO of Syrma SGS to hit the market on 12 August, and also find out about the JSW Energy arm’s acquisition of renewable energy assets from Mytrah Energy for Rs 10,531 crore. Business Term of the Day: Credit score Read more
In this episode, find out why PFC, REC are looking to lend Rs 1.2 trillion to discoms and also find out about Government’s plant to reduce export duty on steel products Business T ... Read more
In this episode, find out why PFC, REC are looking to lend Rs 1.2 trillion to discoms and also find out about Government’s plant to reduce export duty on steel products Business Term of the Day: Letter of credit Read more
In this episode, find out why PFC, REC are looking to lend Rs 1.2 trillion to discoms, also find out about Government’s plant to reduce export duty on steel products Business Term ... Read more
In this episode, find out why PFC, REC are looking to lend Rs 1.2 trillion to discoms, also find out about Government’s plant to reduce export duty on steel products Business Term of the Day: Export duty Read more
In this episode, find out about Bharti Airtel signing 5G network agreements with Ericsson, Nokia, and Samsung, and also find out about ARCIL’s challenger bid for Yes Bank’s NPA por ... Read more
In this episode, find out about Bharti Airtel signing 5G network agreements with Ericsson, Nokia, and Samsung, and also find out about ARCIL’s challenger bid for Yes Bank’s NPA portfolio. Business Term of the Day: Unemployment Rate Read more
In this episode, find out about Zomato shareholder looking to raise $420 m via block deal, also find out about ITC exiting lifestyle retailing business Business Term of the Day: ... Read more
In this episode, find out about Zomato shareholder looking to raise $420 m via block deal, also find out about ITC exiting lifestyle retailing business Business Term of the Day: Windfall Tax Read more
In this episode, find out about Zomato halving loss of Rs 186 crore, also find out about GST collections rising to Rs 1.49 trillion in July Business Term of the Day: Credit ratin ... Read more
In this episode, find out about Zomato halving loss of Rs 186 crore, also find out about GST collections rising to Rs 1.49 trillion in July Business Term of the Day: Credit rating Read more
